Apartments and income units for sale in Redondo, Hermosa, Manhattan Beach, Torrance and San Pedro. Written by Charlemagne Intl Properties, a local real estate brokerage and investment property specialist.
Saturday, September 30, 2017
All in a Real Estate Day
This article was written in 2013, but it encompasses the broad range of properties and locations Charlemagne International Properties covers as we go about our daily real estate lives.
Norma Toering & Team specializes in luxury homes, vacation homes, and income property. Yesterday was a banner day for our business specialties. We had a strong showing on our luxury home listing in Hermosa Beach, our offer on an eight-unit apartment building was accepted (after 30 long days of negotiations, rejection and finally resurrection–I’m tenacious), and we wrote an offer for a second home in a private beach community. I won’t mention the sleep I did not get, as I spent my evening into the night hours negotiating the beach house offer as well as an offer received on vacant land. Ahh yes, it does remind me of the pre-recession housing market, and it’s good to have it back.
My real estate niche specialties evolved over time. Gradually, more of my clients from years past moved up to larger homes and I became knowledgeable about the luxury home market in Palos Verdes and the beach cities of Manhattan, Hermosa and Redondo. A few years later many of the same clients decided they wanted a weekend or summer place either in the desert, the mountains or most popular, the beach. Their expanding real estate collection often included the addition of income-producing properties to their investment portfolio.
My clients are often the catalyst for my expanding real estate horizons and expertise. My knowledge about rent control, cap rate, internal rate of return and so much more was client driven to help them make savvy income property investments. I attended a three-day luxury home seminar to be up to date on marketing luxury homes internationally. When a client wanted to purchase a desert property I spent a weekend attending open houses in 110-degree weather–call me crazy, but after studying the comparable sales and listings online, viewing photos and locating them on Google Maps, I still wanted to see the homes with my eyes.
I owe my clients a big thank you for helping me expand my real estate knowledge and business. I’m not sure where this business will take me next, but I’m an adventurer, so I’m eagerly anticipating the next new avenue I’ll venture down in real estate land.
Since writing this article, I’ve sold luxury property in Pasadena, CA, Palos Verdes Estates and Rancho Palos Verdes. I’ve sold fixer properties, beach homes, income properties, oceanfront condos, and the list goes on. I have no idea where the day will take me as I continue the adventures of real estate and life.